We bought our house in New Jersey back in May of 2009. The house came with an in-ground pool. We know pools are not considered assets, and have heard several times that the time and cost to maintain a pool is not worth it. As you know, we are in a good financial position so the money didn’t bother me, so we proceeded with the purchase. During the first summer in 2009, we enjoyed the pool very much with family and friends. The time spent and cost of chemicals didn’t really bother me. It didn’t take nearly as much time as people said, nor did the chemicals cost that much to us.
However, things began to fall apart in 2010. First, the wife wanted to fence in the pool. Nevermind that the backyard was already fenced in, but she was concerned about our children accidentally walking into the pool. I agreed with her that most accidents happen at home and most with pool owners, so we spend about $2500 to fence in the pool. When we opened the pool in 2010, the liner was completely torn apart and unrepairable. It was 12 years old and needed to be replaced. This cost about $3000. In 2011, our safety cover was falling apart, literally, and pieces were in the pool so we had to buy a new safety cover. This cost about $2500. At the end of the summer season, New Jersey experienced significant hurricanes and rain which caused wrinkles at the bottom of our pool. To have the liner reset, it cost us $800. We just opened the pool again for this season and the wrinkles came back. Since pool companies don’t guarantee their work on resetting the liner, we will be out about $800 again.
When all is said and done, in a matter of 3 years, we have spent about $10,000 just to maintain the pool! If you’re considering a home with a pool or building a pool in your backyard, think again. We had a pool inspector come out to our pool before we bought the house and he said that everything was in decent shape. Pools are tricky and there are so many things that can go wrong. Unless you have a significant income, pools are just not worth it.
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